Return on Investment in Transportation Asset Management Systems and Practices (2018) / Chapter Skim
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66 This chapter provides step-by-step instructions for using the spreadsheet-based ROI Calculator (ROI Tool) that accompanies this report.
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Using the ROI Calculator (ROI Tool) 67 Mapping Framework Benefits and Costs to the ROI Tool In this guidebook, Chapter 2 presented information on the potential benefits and life cycle costs of TAM investments.
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68 Return on Investment in Transportation Asset Management Systems and Practices discretion. Cells shaded in blue are input cells the user may edit.
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Using the ROI Calculator (ROI Tool) 69 Figure 5-1.
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70 Return on Investment in Transportation Asset Management Systems and Practices analysis period may vary according to the purpose of the analysis. It can be as short as 1 year, but analysts frequently select a period of 5 years, 10 years, or 20 years.
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Using the ROI Calculator (ROI Tool)
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72 Return on Investment in Transportation Asset Management Systems and Practices non-recurring system costs, including any TAM system acquisition costs that are part of the base case)
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Using the ROI Calculator (ROI Tool)
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74 Return on Investment in Transportation Asset Management Systems and Practices The following procedure is used to complete the inputs for the HERS-ST Results - Base Case in the Inputs worksheet: 1. Enter the Cost of Selected Improvements ($ 000)
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Using the ROI Calculator (ROI Tool) 75 PMS Analysis Groups If the user opts to include results from a PMS by selecting "Yes" in the general parameters section, additional fields will be unlocked on the Inputs worksheet.
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76 Return on Investment in Transportation Asset Management Systems and Practices 7-Rural Major Collector 8-Rural Minor Collector 9-Rural Local 11-Urban Interstate 12-Urban Other Freeway/Expressway 14-Urban Other Principal Arterial 16-Urban Minor Arterial 17-Urban Collector 19-Urban Local Other [not numbered] The numbering of the options in the drop-down menu corresponds to the set of functional classification codes as listed in HERS-ST.
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Using the ROI Calculator (ROI Tool) 77 PMS Results -- Investment Case Figure 5-10 shows the PMS results for the investment case.
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78 Return on Investment in Transportation Asset Management Systems and Practices 2. Enter the Backlog ($M)
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Using the ROI Calculator (ROI Tool) 79 Incident Cost Model Parameters Figure 5-14 shows incident cost model parameters that are used to estimate agency, user, and social costs due to incidents, along with the potential benefits of incident reduction as a result of TAM investment.
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80 Return on Investment in Transportation Asset Management Systems and Practices 2. Enter the Average initial stoppage time.
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Using the ROI Calculator (ROI Tool) 81 Incident Cost Model Parameters for Autos and Trucks The table for incident cost model parameters for autos and trucks, shown in Figure 5-15, collects parameters that help estimate user and social costs from incidents.
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82 Return on Investment in Transportation Asset Management Systems and Practices Figure 5-16. Incident cost model derived values.
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Using the ROI Calculator (ROI Tool)
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84 Return on Investment in Transportation Asset Management Systems and Practices 4-Axle Comb., and 5-Axle Comb. also sum to 1 for each functional class.
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Using the ROI Calculator (ROI Tool) 85 Figure 5-20.
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86 Return on Investment in Transportation Asset Management Systems and Practices of benefits discounted to the present) minus the present value of the costs (including initial capital costs and ongoing maintenance and operating costs discounted to the present)
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Using the ROI Calculator (ROI Tool) 87 and costs are broken down by subtotal and are color-coded and labeled.
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88 Return on Investment in Transportation Asset Management Systems and Practices Agency, User, and Social Benefits Predicted Using HERS-ST Figure 5-25 shows the agency, user, and social benefits predicted using HERS-ST in both discounted and undiscounted terms. Reduced Agency Expenditures are calculated from the reduced spending in the investment case.
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Using the ROI Calculator (ROI Tool) 89 Figure 5-26.
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90 Return on Investment in Transportation Asset Management Systems and Practices by subtracting base case costs from investment case costs. Dollar values are provided for three types of benefits: Reduced Agency Expenditures, Reduced Backlog, and User Benefits.
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Using the ROI Calculator (ROI Tool) 91 the ROI Tool to help develop the business case for implementing new pavement and bridge management systems.
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92 Return on Investment in Transportation Asset Management Systems and Practices Figure 5-30. Updated general parameters for Alfa DOT.
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Using the ROI Calculator (ROI Tool) 93 The following procedure is used to define the Alfa DOT base case in the ROI Tool: 1.
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94 Return on Investment in Transportation Asset Management Systems and Practices Defining the Additional Parameters Next, the additional parameters are defined. These parameters help estimate agency, user and social costs and benefits.
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Using the ROI Calculator (ROI Tool) 95 Figure 5-33.
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96 Return on Investment in Transportation Asset Management Systems and Practices Figure 5-36. Summary Measures for Alfa DOT.
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Using the ROI Calculator (ROI Tool) 97 General Parameters HERS-ST Analysis Performed?
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98 Return on Investment in Transportation Asset Management Systems and Practices Having defined the general parameters, the following procedure is used to define the Bravo DOT base case in the ROI Tool: 1. Using the information in Table 5-8, adjust the base case parameters by entering the new values, by year, for agency labor, hardware and software acquisition, recurring costs, contractor costs, other costs, and predicted failure incidents.
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Using the ROI Calculator (ROI Tool) 99 Investment Case Agency Labor (FTEs)
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100 Return on Investment in Transportation Asset Management Systems and Practices Annual Growth Rate Group Description Base Year AADT Base Year Truck Autos Trucks Road Length Avg.
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Using the ROI Calculator (ROI Tool) 101 Value by Year 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 Agency Expenditures ($M)
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102 Return on Investment in Transportation Asset Management Systems and Practices Value by Year 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 Agency Expenditures ($M) 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 Backlog ($M)
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Using the ROI Calculator (ROI Tool) 103 Value by Year 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 Total Work Done ($M)
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104 Return on Investment in Transportation Asset Management Systems and Practices Figure 5-45. Additional Parameters for Bravo DOT (partial view)
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Using the ROI Calculator (ROI Tool) 105 Figure 5-46.
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106 Return on Investment in Transportation Asset Management Systems and Practices Figure 5-47. Summary Results chart for Bravo DOT.
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Using the ROI Calculator (ROI Tool) 107 Figure 5-48.
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108 Return on Investment in Transportation Asset Management Systems and Practices Figure 5-52. Benefits of bridge investment changes.
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